you're reading...
China Daily Mail

Next Post

China Daily Mail

Power company AES Corp will sell a majority of its businesses in China for a total of $134 million, as it is unable to pass on higher coal costs in a state-regulated industry.

The sale of about 2,727 MW gross capacity of the plants is expected to close by the second half of 2012, the company said.

“Narrowing our geographic focus and investing in our core markets better positions us for long term earnings growth,” Chief Executive Andres Gluski said in a statement.

The Virginia-based company will sell its 25 percent equity interest in the coal-fired Yangcheng plant and its 49 percent stake in the China Wind joint venture for $86 million.

AES also said it would sell its 49 percent interest in Jianghe Rural Electrification Development Company Ltd to its joint venture partner China Three Gorges New Energy Corp for $48 million.

Chinese independent power producers such as Huaneng…

View original post 104 more words


About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


407 Training Visas

Get An Australian Diploma

Learn How To Sell Real Estate To Chinese Buyers

Learn How To Sell Real Estate To Chinese Buyers

Join 1,664 other followers

China Daily Mail Latest Headlines On Twitter

Twitter – China Daily Mail

%d bloggers like this: